Five Below (NASDAQ:FIVE) Price Target Raised to $115.00

Five Below (NASDAQ:FIVE) had its price target upped by investment analysts at Telsey Advisory Group from $95.00 to $115.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 9.56% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Mizuho reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Five Below in a report on Thursday, October 3rd. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Craig Hallum boosted their price target on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Evercore ISI boosted their price target on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, Truist Financial boosted their price target on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $107.60.

Five Below Stock Up 1.7 %

FIVE opened at $104.97 on Thursday. The firm’s 50 day moving average is $90.69 and its 200-day moving average is $94.55. The firm has a market capitalization of $5.77 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.14 and a beta of 1.18. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Equities analysts expect that Five Below will post 4.56 earnings per share for the current fiscal year.

Institutional Trading of Five Below

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in Five Below by 12.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after buying an additional 147 shares during the period. Parkside Financial Bank & Trust raised its holdings in Five Below by 9.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after buying an additional 180 shares during the period. Peloton Wealth Strategists raised its holdings in Five Below by 3.0% during the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after buying an additional 200 shares during the period. Partnership Wealth Management LLC raised its holdings in Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System grew its stake in Five Below by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock valued at $1,685,000 after acquiring an additional 296 shares in the last quarter.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.